---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-24-000194"
form_type: "8-K"
ticker: null
cik: "0001581552"
company_name: "Energy 11, L.P."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T08:50:07.249925+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Energy 11 extends credit facility to March 2026, borrowing base cut to $20M

## Summary
- Borrowing base reduced from $30M to $20M effective March 1, 2024.
- Maturity extended by two years to March 1, 2026; $100,000 amendment fee paid.
- Administrative fee waived as BancFirst becomes sole lender; $0 outstanding at execution.
- Semiannual redetermination retained; annual reserve report now required only once per year.
- Fifth Amendment modifies change-of-control definition and title-information requirements.

## SEC filing metadata
- accession: 0001185185-24-000194
- form_type: 8-K
- cik: 0001581552
- company_name: Energy 11, L.P.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1581552/000118518524000194/0001185185-24-000194-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1581552/000118518524000194/energy1120240227_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-24-000194
- JSON: https://secwatch.observer/filing/0001185185-24-000194.json
- Plain text: https://secwatch.observer/filing/0001185185-24-000194.txt

## Key facts
- Debt Financings
  Energy 11, L.P. amended revolving credit of $20,000,000 with BancFirst maturing March 1, 2026.
  - Instrument: revolving credit
  - Principal: $20,000,000
  - Counterparty: BancFirst
  - Maturity: March 1, 2026
  - Event: amendment
  source text: to March 1, 2026 (“Revised Maturity Date”). Key terms and conditions of the Fifth Amendment include: ● As of the Effective Date, the borrowing base of the BF Credit Facility is $20,000,000. ● As amended, the Partnership remains subject to a semiannual redetermination of its borrowing base, but the Partnership is only required to perform an annual analysis of its
  evidence_url: https://www.sec.gov/Archives/edgar/data/1581552/000118518524000194/0001185185-24-000194-index.htm
- Material Agreements
  Energy 11, L.P. amended Fifth Amendment with BancFirst valued at $100,000 (effective 2024-03-01).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: BancFirst
  - Value: $100,000
  - Effective: 2024-03-01
  source text: On February 27, 2024, the Partnership and the Lender entered into an amendment (“Fifth Amendment”) to the BF Loan Agreement, effective March 1, 2024 (“Effective Date”), that renewed and extended the BF Credit Facility for two additional years to March 1, 2026 (“Revised Maturity Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1581552/000118518524000194/0001185185-24-000194-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.